
TSE:VET
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.
We think VET is OK, with many of the expected problems at least partially priced in now.
We would like TOU better, as well as WCP, TVE and SU/CNQ.
NNRG is an easy choice for investors looking for an active managed, more aggressive fund. It is hard to compare the fund with single companies, however. Unlock Premium - Try 5i Free
VET holds oil and gas production in North America, Europe and Australia. Much of its production is based off Brent oil pricing. JP Morgan just upgraded them to overweight. Quarterly cash flow has increased to allow a sizable reduction in debt and shares to be bought back. We like the ROE of 48%. We recommend placing a stop-loss at $13, looking to achieve $30 -- upside potential over 60%. Yield 1.5%
(Analysts’ price target is $29.73)